Gender diversity funds show growing allure

Mutual funds aiming to foster gender diversity have attracted $1.2bn — double what it was a year ago

By

Crystal Kim

September 14, 2018 Updated: 3:11 p.m. GMT

As more people consider environmental, social, and governance issues when choosing investments, funds aiming, in part, to foster gender equality have proliferated — and dollars have followed.

Exchange-traded and mutual funds, including the SPDR SSGA Gender Diversity Index and the Pax Ellevate Global Women’s Leadership, have attracted more than $1.2bn in assets, according to Veris Wealth Partners — double what it was a year ago. Assets in separate accounts from Veris and others are also rising.